The emergence and spread of prosperity gospel in Africa in particular, has been viewed with considerable concern by the historic mission denominations especially because it is perceived that many of those that are attracted to the prosperity teaching are coming from the membership of these churches. On the other hand, while prosperity teachers are highly influential in the westernized countries and other places, they're particularly popular in Africa. Consequently, the leaders of these new churches are very well known and enjoy great admiration not just around the country, but also beyond. In fact, the charismatic, faith gospel, prosperity form of Christianity seems to be, by and large, the only form of Protestantism people know today in Africa. A non-Catholic, non-Baptist or non-presbyterian churchgoer is almost guaranteed to belong to a church that falls somewhere on the spectrum of this movement. How can the Prosperity Gospel be considered as a source of theologizing in Africa? What is its impact on African christianity, particularly its interference if any with doctrines like pentecostalism, presbyterianism, methodism, anglicanism even roman Catholicism? Should PT be viewed as a challenge or a contribution to African theology? In this perspective, what is the role of African theologian today? This paper aims to give a brief overview of the prosperity teachings and its claims before attempting a response to all those questions above. There will be some discussions of the appeal of the Prosperity Gospel in an African context as well as its lessons for the traditional churches. NEO-PENTECOSTALISM DEFINED Neo-pentecostalism, even though related to Pentecostalism, differs significantly from it, looking at these diffrences will help set neo-pentecostalism in relief. We use two definitions : Sturla Stalsett " Neo-Pentecostalism is new form of Pentecostal religion in which spiritual warfare, exorcisms, immediate healing and personal prosperity in this world have replaced traditional Pentecostal's emphasis on speaking in